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tv   MONEY With Melissa Francis  FOX Business  November 19, 2014 2:00pm-3:01pm EST

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boarded up during ferguson, missouri. the grand jury decision could come any minute. we'll hear from one restaurant owner fighting hard to stay open. deep freeze, bitter cold temperatures hit the u.s. buffalo, new york, is facing six feet of snow. the push to plaster these stickers on pumps. first to peter barnes with the fed minutes. peter. >> hey, melissa. the minutes for the october fed meeting show the fed is sticking to its strategy for, to wait on economic data before raising short-term interest rates. quote, meeting participants abreed that the timing of the first increase in the federal fund rate and appropriate path of the policy rate thereafter would depend on incoming economic data and their implications or the outlook. but the minutes show fed members spent a considerable time debate whether or not to retain the words, considerable time in describing how long they would keep interest rates low after the fed finished up its latest
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quantitative easing bond-buying program which it did at the october meeting. quote, some participants preferred to eliminate that language, however other participants thought that the considerable time phrase was useful in communicating policy intentions. in the end they decided to keep the phrase in. finally the minutes say fed members debated the advantages and disadvantage adding language to the statement to acknowledge recent developments in financial markets. all that market volatility last month. but they decided to keep that language out. melissa? dierdre: peter barnes -- melissa: peter barnes, thank you so much. i want to turn to my panel. look at market reaction. charlie gasparino, steve moore, heritage foundation chief economist there and fox news contributor. james freeman, "wall street journal." i love that, taking a considerable time trying to decide if they were going to use considerable time in their language. feels like they are slow at everything.
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steve? >> almost like we're all monitorrists now. everybody on wall street, all your buddies, charlie, think the way to pump up the stock market think, that money is everything. >> i would say not everybody on wall street. >> some do. >> i would say this there is interesting sort of email going on around streets sent out by liberals on wall street show gdp in 2009 and gdp today. three or four economic indicators and 2009, today. it is all positive. the last one is the stock market. i will tell you this. this is what i think is going on here. no way janet yellen will speed up raising interest rates or do anything to stop this -- >> what about gdp? >> you want to talk about considerable time? next month makes six years of near zero interest rates by the federal research. if you're looking at stats, what people should pay attention to is era of slow growth. not what it should be. not what the united states numbers are capable. >> they will not deviate from
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those numbers. melissa: steve moore. >> there is one statistic, charlie, none of your friend pay attention to, what the american people listen to and voters listen to, real take-home pay. >> hang on. one at a time. charlie, let him go. >> stock market investtores. >> i'm with you on that. what american people care about and reason democrats lost is pause people are not feeling the love. they're not, because they -- >> viewers are not the american people? they made a lot of money. melissa: i want to go to breaking news real quick. breaking news of jonathan gruber. we're learning the obamacare architect is stepping down as a financial consultant for vermont's state health care system. >> oh, wow. melissa: right. the office of the vermont governor saying that gruber will not do anymore work on the state's plan to build a single-payer system. he will also not collect the remainder of his $400,000 salary. meaning that what they have already paid him, he will get to
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keep. >> he should sue. melissa: group of mit will continue on the project. >> is that 400,000 from vermont? melissa: yes, from the the statf vermont. >> 400,000 from the u.s. government and 10 other states. >> my view, he should have a lawyer to talk about this. this is wrongful termination. what did jonathan gruber -- what is his first name? melissa: jonathan. >> do but tell the truth. saying exactly what happened. he didn't lie. >> that is the problem he didn't tell the truth five years ago. >> it is not him. the president didn't tell the truth. melissa: that is fair point. i wasn't sure where charlie was going with that. >> this guy has a wrongful termination. >> he is telling truth now after being part of a conspiracy. he for years -- american people. melissa: i don't know. i agree with arm charlie. he was an economist who was hired to basically hide the truth. >> went behind closed doors. can't tell the american people -- melissa: hang on.
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one at a time. one at a time. >> he did not perpetrate the fraud. president obama perpetrated the fraud. >> he talked about how he designed this fraud to fool the american people. i think behind the -- >> behindbehind the scenes desi. >> an accomplice. the question for the massachusetts institute of technology, why is, why are they still allowing him to run around with that name -- >> mit professor. >> but he didn't do anything wrong? >> didn't do anything wrong? this is the greatest consumer fraud in history. >> we all knew that for years. he came out and admitted it. you didn't know it was consumer fraud. >> this is antithetical a university ought to be about. why is mit. melissa: let him finish. >> why are they still employing him. >> jonathan gruber did not go out publicly giving speeches saying here is why -- >> no, privately -- >> did not say if you want to keep your plan you can keep your plan. melissa: let him talk. >> this is how you pull the wool over american people.
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>> did he write a lie down? he created the plan. you understand the difference between lies and creation of the plan. >> what is he doing you now? he is telling you here is how we lied. he is -- >> no, he didn't. melissa: what he said was, here is how you disguise this tax and that it is acceptable. i don't know -- >> is not a lie. he did not go out in front of the american people and give speeches saying, you can keep your health care if you want to. melissa: right. that was a lie and fraud. >> here is how you can do it. >> he designed something to look like x when it is really y. that is what he did. that is completely legal. >> the other thing, why is it that these guys can make $400,000, you know they can get paid consulting free from the white house, i would like to know who else is getting -- there is a conflict of interest here here. there is lack of transparency, these guys, did he ever say he was a working with the white house. >> he was frequently used by the
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laws supporters as objective voice. >> i'm pretty sure there were a few consultants in the bush administration. melissa: we're not saying it is right for the other side. he saying did anybody disclose this. >> i'm saying he has a wrongful termination suit for telling the truth. melissa: figures from the congressional budget office painting an eye-opening picture of america. 60% of households receive more in government benefits than they pay in federal taxes with 20% of earners footing bill for that one. this is one of those things where, we present the math. you decide how you feel about it. 60% of the population gets more from the government than they pay in. everyone should know that. >> romney say it was like 53% is? melissa: you may feel like that is fay fair. what do you think? >> there is a lot of good stuff in this cbo report. it basically shows, what a lot of us have been saying. we actually have a highly progressive tax system. melissa: already. >> the rich in this countrily pay more of the tax burden than
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the income burden if you want to put it that way. of the tax pay is higher percentage of the overall than they're contributing to income. >> a lot higher. >> now what is also in this report is that it knockings down a lot more of picky numbers, when you count taxes and government transfer payments there is not a big jump in equality. not as bad as he said it was. i would add to it, phil graham and michael solen writing in our paper this week, new cornell university study shows when you basically correct the flaws in pickety. middle class incomes are rising 30%. they're not flat. they're not declining. >> you're absolutely right. but true in last 10 years under the last few years of bush and first six years of obama there has been no middle class growth whatsoever. i think that is the root of this economic anxiety. >> there is a lot of truth to that but i would say one other thing, the media. think about this, they put okay
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pay wall street page one of "the new york times" on a lie. on a lie. this shows it was a lie. melissa: what is important about this, i of the conversation, that 60% of americans receive more than they pay in. it is never put out there as -- >> that's what democrat want. melissa: you may decide that is fine with you and that's right and top 20% should be supporting bottom 60%. it is up to you to decide but you need facts and math to make these decisions. >> to clarify the math doesn't mean everyone in bottom three quintile is takers. they worked all their lives and now get medicare. points out a huge amount of bill being paid. >> why it is so hard to cut the government because you have a lot of people say, wait a minute why do i want to cut government spending? i'm a net beneficiary. >> proves central tennant of liberalism and democratic party that the 1% made out. >> they pay 80% of the income tax. melissa: that was lively.
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thank you so much. jetblue breaking some hearts. airline causes turbulence with a few new policy changes. best-selling author tony robbins has immediate ways to put money in your pocket right now. charlie is laughing. it is good. it is good. more "money" coming right up. ♪
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dierdre: a quick check on the markets. following the fomc minutes at the top of the hour the dow setting a new high for the day. still holding on to a majority of the gains today. so here he goes. president obama set to make a prime time address tomorrow night. the president is expected to announce executive action on the nation's immigration policies. the order is expected to give temporary legal status to millions of people in the u.s. illegally. that is according to sources, from dow jones. you can catch the president's comments live on fox business starting at 8:00 p.m. eastern. that will be a big talker no doubt. meanwhile, the republicans are vowing to continue the fight on the keystone pipeline? the latest bill falling short in the senate by just one vote
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after a six-year fight, will it ever get built? here is fox business's tom sullivan. steve moore is back with us. along about stephen yates former deputy assistant to vice president cheney. thanks to all of you for joining us. steve, let me start with you, it fell one vote short. saying they will bring it back in the new year. starting to feel like this is not going to happen. what do you think? >> i think it is going to happen in the new year. they will have a vote and numbers should favor support of the pipeline. if you look where the republicans picked up a number of seats it should help this vote count go up. but i think everyone also realizes this is not going to be a dramatic change in the energy independence equation for the united states. it is just a move in the right direction, move in the right direction with relations to canada. >> stay on the topic of the pipeline. tom, the president can veto it at that point and wait until next year with new folks in and everything changes he could
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still veto it. >> he may and i doubt it and i will tell you why. republicans will do this and will pass quickly in january but the president will use this bargaining chip to get something from the republicans. what this showed last night by the senate missing by one vote, it showed everything that people repudiated at election. melissa: that's true. hang on i want to play for you ceo russ girling said. steve, i will ask you to comment ahead. >> support for the project continues. it is growing. need for it continues to grow. production is up in canada. production is up in the u.s. we have move the safest way we can in a pipeline is way to do it so pipeline has to get bit. melissa: steve, he basically said the oil will be produced no matter what. question how it is transported. pipeline is safest for environment versus rails and trucks. by stopping pipeline you don't stop drilling. will it? >> that is what liberals hope.
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they don't want oil, they don't want natural gas. they hate fossil fuels. tom nailed it. this reflects attitude of the democratic party where number one concern of voters when they went to the election night was jobs. number 30 issue was climate change. democrats voted for climate change and not jobs yesterday. melissa: this might have slipped through the cracks. not a great night for bills in the senate. bipartisan nsa reform legislation was shot down. this would have ended nsa collection of domestic calling record, requiring the agency to get a court order every time they wanted to collect these things. stephen yates, what do you think about this development? >> this is enormously complicated issue but i think this is one where i think that basically recent developments with isis and other kind of things, i don't think the country has been in the same place it has recent years where they think they needed to close down this kind of program whole cloth. so i think new congress will have to try to take up this issue of where is the balance between liberty and collection?
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melissa: you want nsa to be able to collect this. tom sullivan, what do you think? >> first of all this would be very cumbersome for the government. they still could have gotten information. i'm a ben franklin fan on this one, don't give up freedom in return for safety. i think liberty is more important than anything else. you have to stay with that and protect your liberty. melissa: steve moore. >> i very rarely disagree with tom but i'm a hawk when it comes to the war on terror. you talk about liberty. where is your liberty when people blow up buildings and schools? if we can use these techniques to boil terrorist, i'm for it. -- foil terrorists. melissa: just when i think i know you guys you surprise me. >> my building was right across the street from 9/11, from ground zero. i think about that day every day. melissa: few stories on our radar. u.s. regulators want a takata airbag recall to go nationwide. until now the recall is limit to a few states.
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expansion will affect millions of vehicles made by ford, honda and chrysler and others. millions may be unable to watch cbs. uh-oh. contract with dish network -- >> is this a bad thing? melissa: i don't know. i controlled myself. i went for the editorial comment there. no renewal is in site. cbs says dish is dragging its heels for the talks. celebrities supporting uber after remarks targeting journalists. ed norton and ash fun kutcher stand by the company saying it did no wrong. kutcher has an investor in uber so it is possible his money makes him conflicted on this issue. one man saying feywell to the real world and strapping this thing on his face for 2weeks. i think his girlfriend is really excited about this. i don't know why we assume he has a girlfriend. plus a it per chill sweeping the country. don't worry about stephen colbert.
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he is totally prepared. more "money" next. >> i'm just putting down some salt. i do not need a lawsuit on my hands. all right. there you go. and, a little pepper. there we go. just a taste. just a taste. [applause] (receptionist) gunderman group. gunderman group is growing. getting in a groove. growth is gratifying. goal is to grow. gotta get greater growth. i just talked to ups. they got expert advise, special discounts, new technologies. like smart pick ups.
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they'll only show up when you print a label and it's automatic. we save time and money. time? money? time and money. awesome. awesome! awesome! awesome! awesome! (all) awesome! i love logistics.
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i'm almost done.
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[ male announcer ] now you can pay your bill... ♪ ...manage your appointments... [ dog barks ] ...and check your connection status... ♪ ...anytime, anywhere. ♪ [ dog growls ] ♪ oh. so you're protesting? ♪ okay. [ male announcer ] introducing xfinity my account. available on any device. melissa: blistering cold air hitting all 50 states with record snowfall for much of the northern half of the country. fox news' maria molina is in one of the hardest hit regions just outside of buffalo in pembrooke, new york. maria. >> here where we are we got two feet of snow. the good thing where we are, it is in an area where cars have been towed and truck drivers have been able to spend night out here, two nights, as a matter of fact. a lot of this has been plowed.
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a lot of snow around and, at our hotel, i want to show you really quickly video from it. this was shot in the overnight hours. six feet of snow. you can't even see cars in the parking lot. we did get to talk to a truck driver who spent the night out here for two nights already. his name is benjamin. i have him overhere. benjamin, you've been here two united states. our bosses don't think you will be able to get out tonight. why is that? >> because of the overall weather and abandoned cars and just the, overall snow. just constant snow coming down. as you can see this is pretty bad. >> still parts of highway are closed right now. those cars are still abandoned out here, we've seen people having to walk far distances as well, when we were trying to get back to our hotel yesterday. so it will be a tough situation out here in the buffalo area. again like i mentioned, we still have warnings in effect because
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several more feet of snow are forecast as we head into tonight and tomorrow. let's head over to you. melissa: thanks, maria. go back inside. i want to see your crazy weather pictures. follow me on twitter @melissaafrancis. and facebook on melissafrancisfox. we love to see the pictures. send them to me. if you're disappointed with the apple watch design this smart new bracelet may be up your alley. intel's new 18 karat gold watch is blinged out with high-tech features but almost $500. is it really worth it? 500 bucks are you kidding me? spencer ante is here with, i think we, along with our own jo ling kent. sorry i got lost in the intro. totally my fault. what do you think about this one? did you get one yet? >> right. targeted at women. i'm not the prime target?
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waiting for some bling, right? melissa: yeah. >> i think this might catch on with wealthy women -- >> why are you pointing to me? i don't have this kind of disposable income. you're crazy. >> i don't want to be a buzzkill about it. intel has a great company but no success in consumer hardware and consumer design. it's a high price point. melissa: tell me what it does. >> it doesn't do that much. melissa: oh. [laughter]. >> it doesn't work with your smartphone. it is very much a stand-alone -- melissa: what does it type of do? >> access certain websites, certain little apps. i believe you can communicate, do chores on it. melissa: do discrete wrist messaging. it has a calendar. vibration that notifies. >> you one nice thing, two years of wi-fi, wireless connection provided to at&t as part of the price. melissa: am i texting someone? >> a little internet connection. >> exactly.
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it might make it slightly useful. what i don't understand it is so fashionable. you're choosing what stone you want in it. it goes to fashion really quickly. someone spending $500 on something. >> you guys made the thing sound horrible and terrible. i will not get it. you stand behind it? is it terrible? >> one type of choice you can make for wearable technology that is very, very -- >> who will develop software for the device. melissa: would you get apple watch? >> i would definitely take a look at it. melissa: would you get apple watch? >> test it out. melissa: would you pay your own money for one. >> probably second edition. apple is always better on second one. melissa: i'm with you. thanks to both of you. you're good sports. gas may be chip but they want you to know it comes at a price. they have got stickers to prove it. we're awaiting grand jury decision from ferguson. that is not stopping businesses for preparing for the worst.
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we'll speak with a small business owner fighting hard to stay open. smart money coming up. [ male announcer ] some come here to build something smarter. ♪ some come here to build something stronger. others come to build something faster... something greener. something the whole world can share. people come to boeing to do many different things. but it's always about the very thing we do best. ♪
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melissa: misery right now in a state of emergency store owners are not taking any chances, though. they have boarded up to protect their property from damages. let's ring our panel back. the show is called "money." let's focus on that. >> preemptively shutting down as
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fear. it is amazing. you may see the economic impact. there is kind of a spontaneous reaction encouraged by irresponsible folks. >> it is not like it is walmart. we are talking about locally owned businesses. how does this kind of rioting in protesting help? melissa: that is one of the great plains. kmart and walmart are staying open. the nail salons, the take-out restaurants. >> all business owners. >> they cannot afford to close and they can't afford the damage >> coming out with a message, not that big skus -- excuses.
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sometimes we don't like the outcome, but we respected. >> it was already struggling. >> it does damage to the reputation of this area which is a low income area. i think it set them back five or 10 years. melissa: what do you think? >> you may see the holder announcement at the same time.
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action by the president and eric holder to turn from the path they have been on, we have to respect property and our neighbors. that is what is really neat. >> i agree with that entirely. no one wants to see that. >> absolutely. thank you very much, guys. the dow off a new low for the day. keeping an eye on jetblue. cutting leg room. what a perfect combination. the colt hatchback is on the floor of the new york stock exchange. nicole: the dow is down.
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up off the lows, as you noted. we held off as long as we could. they will have to charge to check a bag. going to have a three tier system. you will be able to buy a discounted ticket. what they are trying to do is keep costs low for the customers. they will have 165 seats. you have to add another stewardess on the airline. it is 50 people per person. they are trying to do the best that they can. >> they are going to add another flight attendant.
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big trouble with that one. thank you so much. talking and walking like a billionaire. how you can find financial freedom in just seven easy steps. definitely worth listening to. how could you possibly miss this thing? the biggest toeboard just got turned on in times square. at the end of the day, it is all about money and big city life. ♪
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yo, bro, you on woo-woo? are you kidding me? everybody's on woo-woo! [elevator bell rings] woo-woo? lock and load, people! we're going all in on woo-woo! ok? mark! comp us up a profile page! copy! susie! write us some posts! ready! grace! upload some videos! uploading! i want sponsored woos. i want targeted woos. we want to be all up in your woo-woo feeds! gordon! register our woo-woo handle! janice?! we need an ethnically ambiguous woo-woo mascot. we're cashing in the q4 budget, people, and we're buyin' some followers! hahaha! yeah! [applause] woo! woo! woo! woo! woo! woo! woo! woo! woo! woo! woo! woo! woo! woo! woo! woo! o! yeah! [laughing] dude. are you still on woo-woo? naaaahh, man, my mom's on woo-woo.
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♪ ♪ melissa: i am melissa francis with your fox business brief. rumors are already out about the iphone seven. face scanning technology and holographic. dollar general shares falling today. news that it may need to shut 4000 stores. start to keep tabs on how tv folks are watching through netflix. that is so netflix can get more of a sense of how tv streaming services are cutting.
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that is the latest from the fox business network. giving you the power to prosper. ♪ (vo) you are a business pro.
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maestro of project management. baron of the build-out. you need a permit... to be this awesome. and you...rent from national. because only national lets you choose any car in the aisle... and go. you can even take a full-size or above, and still pay the mid-size price. (aaron) purrrfect. (vo) meee-ow, business pro. meee-ow. go national. go like a pro. >> money is flying around the world. starting in russia.
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the american military is watching one spacecraft that has been moving around suspiciously in space. over the uk, one man plans to wear this headset for 28 days straight. he will spend the whole time in virtual reality. he is crowd sourcing money. so immersed in a virtual world that he may even lose his identity, or his mind. good luck to him. we all know the, want to know the secret to financial success. >> you have turned your attention to money.
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let me start with shift from consumer to owner. what does that mean? >> self made billionaires. that is where this came from. you want to own the market. you want to own it at the cheapest price possible. you need to understand what you are really paying. most people have their money in a 401(k). 96% of mutual funds do not match the market over any period of time. if you go to the index, you go to pay 1.7%. two tenths of a percent.
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melissa: the reason a lot of people do that is because when you try to do it on your own, it is too hard. >> you can check online. you can see exactly what you are paying. the law requires your employer to make sure that what you are paying is benchmarking against everyone else. there are simple places online where you can check this out. they can correct that. all they have to do is show their employer that this is the benchmark. melissa: make the game winnable. what does that mean? >> they are making this huge amount of money. what if you never had to work
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again? your utilities, all the food for your family. >> there is no way. >> it would be amazing. >> 60% less than what most people will tell you. you are not a billionaire. that number is reachable. they can get to that level of financial security. melissa: it sounds overwhelming. i break it into seven simple steps. most people think this huge amount of money is necessary. he worked for ups.
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>> very interesting. >> thank you for having me on. melissa: some of the stuff was very interesting. approaching the last hour of trading. cheryl, what do you have coming up? >> we will be talking to john from the "wall street journal." he has a very interesting perspective to what happened. there is more and more defense about not just language and how they discuss the financial market, but also how they are
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betraying to wall street and the public. it could really hurt their retail shopping season for all americans. it is happening on the west coast. we are looking at big unions on these ports. they are fighting. they have been in negotiations for contract since july. he will be discussing exactly why they want the president to get involved so this does not ruin our christmas. that is a big one. before you go anywhere, have you seen this? in fact, how could you miss it. the size of a football field. it covers a floors of a
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building. 300,000 people will walk past it every single day. >> cool. i love it. i think it is fantastic. i think it will be a great advertising promotion for google. everyone wants to see it. >> it has to be massive. i think the idea that they start out with artwork -- melissa: how long will that last? >> it does probably help it stand out a little. melissa: turning heads. we are live in l.a. with a test drive with one of the hottest cars on the road. we will tell you how you can aerate your treasure on the moon. ♪ (receptionist) gunderman group.
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gunderman group is growing. getting in a groove. growth is gratifying. goal is to grow. gotta get greater growth. i just talked to ups. they got expert advise, special discounts, new technologies. like smart pick ups. they'll only show up when you print a label and it's automatic. we save time and money. time? money? time and money. awesome. awesome! awesome! awesome! awesome! (all) awesome! i love logistics.
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melissa: whether it is on wall street or main street, here is who is taking money today. analysts are impressed with this strategy lately. use of apple paid in stores. shares up about 6% right now. more than 200,000 shares. he has made around $850,000 today alone. good job. bob marley. his family is getting together with a company out of seattle. it is called marley natural. bob would welcome the move. i bet he would.
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raising nearly $1 million on kickstarter. they plan on taking a time capsule to the moon. they will take photos, videos for around $600 a pop. your item will be dropped into a deep hole once your item reaches its mission. we will later the moon. what a great idea. why go fast when we can go insanely fast. jeff flock is at the auto show. jeff: this is supposed to be a green show. come around here. on the main stage is, like you say, stuff that goes insanely fast. soccer moms. soccer moms that have $100,000.
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what am i looking at here? >> the best of two worlds. the perfect sports car. you can take it to the race track and you can also take your kids to school. jeff: if you are late for school, this can come in hand. >> absolutely. jeff: melissa can get her kids to school much faster than the other moms. >> the market really did well for us. you know, so much fun to drive that car. people just want to have everything. jeff: a lot of market out there for bmws. it looks like you beat your friends over there at verse 80s. >> we will have another record year, yes.
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it is an x 6 m. a sports utility coupe. melissa: i speed and i have my kids in the car at the same time. what do you make of this? >> they have white. they have great. i will go over to the infinity exhibit.
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melissa: you originally called it pukes brown. thank you so much for your report. a proposed law in california will have a lot of people fuming. you have to hear this one. at the end of the day, it is all about "money." ♪ [announcer:]startup-ny.
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it's working for new york state. already 41 companies are investing almost $80 million dollars, and creating 1750 jobs. from long island to all across upstate new york, more businesses are coming to new york. they are paying no property taxes, no corporate taxes, and no sales taxes. and with over 300 locations, and 3.7 million square feet available, there's a place that is is right for your business.
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see if startup-ny can work for you. go to startup.ny.gov. >> a new kind of pain in the gas. get it? not to be hugged on by sugar tax, the cities of berkeley and san francisco, california are considered putting warning labels at gas pumps, so you realize burning fossil fuel contributes to global warming. james and steve are back with us as well. what i love about the label, it has all the writing nobody is going to read, they put a cartoon at the top, which is basically car's bad there. it is, cars, very bad. >> the same message you see taught in a lot of schools.
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we don't like it for the same reason, you might say it's a plausible theory, it's not proven. i'm not saying we're having the coldest november since the 70s. they're pretending it's a fact like cigarette smoking hurts you, right? >> i'm sure the service stations love this. don't use our product! >> you think whether it's behind the bar on drinking -- >> i don't think the free speech argument is going to fly. you have to make a case this is a theory. but there's a more important point, they just want to regulate everything that you do, if it's not a lifestyle -- the only thing can you do that's bad for you is smoke pot right now. >> i hope the labels aren't made of petroleum products and don't use chemicals to help to stick to the gas pump, and i hope they didn't use energy making the labels anywhere along the way. i hope we check into all that stuff as well. i love everything everybody had to say on facebook and twitter.
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scroll up so i can read it. lots of great responses, here are my favorites. on twitter, nicholas says once again, the government treats us like children. bob tweeted, total b.s., more noxious gases from the white house. and mike says they better put the sticker on the volcanoes as well. i want to hear from you, follow me on twitter, "like" me on facebook.com/melissa francis fox, i love seeing everything you have to write and send in. please keep it coming. take a look at the markets before we go, we are down 25 points. remember we had been up briefly after the fed minutes that we heard at the very top of the hour. but now stocks are trading lower. that is all we have for you now, i hope you are making money today.
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cheryl casone is in for liz claman, "countdown" starts right now. cheryl: releasing minutes and two minutes later, the dow turning positive. what investors heard that made us hit the buy button and happened to be short lived as she told you. target seems to shake the data breach doldrums. the data discount retailer reported healthy third quarter results. target shares jumped 6% on the news, and target up more than $4 per share, a gain of 6.5%, we'll keep you posted. and is the spirit of cooperation in washington over before it began? president obama announces a planned speech on immigration tomorrow night in which he plans to lay out why he is taking executive action on immigration. we're going to go live to washington for an update in just a moment for you. it is the last hour of trading, and anything can happen. let's start the "countdown."

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